U.S. Federal Reserve increasing frequency of swap line operations with other major central banks

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U.S. Federal Reserve increasing frequency of swap line operations with other major central banks
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The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar li...

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis -/File Photo

WASHINGTON - The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar liquidity swap line arrangements it has with several major central banks. The Fed said in a statement that it would increase the frequency of 7-day maturity operations from weekly to daily, starting on March 23, as part of its swap line arrangements with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank.Reporting by Lindsay Dunsmuir; Editing by Chizu Nomiyama

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